If a budding young developer wants to get his new altcoin noticed, he had better make plans to enter the high-speed road race at Coinmarketcap.com. Of course, I am using the word “developer” here very loosely.
Many readers of this article know that there are literally thousands of altcoins. But none of them truly exist until they make their debut in the fast lane at Coinmarketcap. Rightly or wrongly, this fact is quickly becoming our new reality.
The site is now emerging as the official reference guide for alternative cryptocurrencies. Wall Street traders, investment bankers, interested observers, and mainstream journalists all have the site bookmarked and highlighted.
We can see a perfect example of this trend in an altcoin story published today in the IndiaTimes of New Dehli. The author clearly used coinmarketcap.com as the basis of the article.
Quote
Enhanced regulatory oversight in India and other countries seems to be having little impact on spread of bitcoins and other virtual currencies, whose number is fast moving towards a century with a total valuation of close to $13 billion.
A number of new entrants, such as bitgem, catcoin, unobtanium and sexcoin, have arrived on the scene even as regulators across the world grapple with risks posed by such currencies and transactions conducted through them.
At least 93 virtual currencies are at present being used by people across the world over the internet, as also for some offline transactions, and their total valuation has reached $13 billion, out of which bitcoin alone accounts for over $9 billion, according to market estimates.
A number of new entrants, such as bitgem, catcoin, unobtanium and sexcoin, have arrived on the scene even as regulators across the world grapple with risks posed by such currencies and transactions conducted through them.
At least 93 virtual currencies are at present being used by people across the world over the internet, as also for some offline transactions, and their total valuation has reached $13 billion, out of which bitcoin alone accounts for over $9 billion, according to market estimates.
Gone are the days when it was simply a matter of getting listed on exchanges like MCXNow or Cryptsy and promoting your coin.
If you want to get noticed now and garner the attention of the mainstream media, you’ll need to compete in the Tour De France of cryptocurrency and race your way to altcoin stardom.
Original story: http://altcoinpress.com/2014/02/coinmarketcap-com-the-official-guide-of-the-altcoin-race/